Acquire properties by purchase or transfer

Unit of competency Outline

Date retreived
22/07/2026 1:51 AM AWST

Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.

Unit of competency

National Code
CHCSOH023

State Code
ODJ37

TGA Status
Current

DTWD Status
Approved

Current Release Number
1.00

Current Release Date
05/05/2021

View on TGA

State Implementation and Classification

Approved Date

10/09/2021

Field of Education

080503 - Real Estate

Original Release Date

10/09/2021

Nominal Hours

Description

This unit describes the performance outcomes, skills and knowledge required to negotiate the purchase and transfer of property to social housing. This unit applies to individuals who work in a social housing context. They are typically senior workers working autonomously within broad guidelines.The skills in this unit must be applied in accordance with Commonwealth and State/Territory legislation, Australian standards and industry codes of practice.No occupational licensing, certification or specific legislative requirements apply to this unit at the time of publication.

Notes

Elements and Performance Criteria

1. Formulate terms and conditions of contracts or transfer agreements.

1.1. Formulate draft contract or transfer agreement terms and conditions to protect client interests and meet organisational and legislative requirements.
1.2. Issue instructions to legal consultants to prepare draft contract or transfer agreement.
1.3. Convey draft terms and conditions to the relevant parties and agents prior to negotiations.

2. Negotiate terms and conditions.

2.1. Negotiate contract or transfer agreement form and contents with interested parties.
2.2. Ensure contract or agreement is signed by all parties once consensus has been reached on the form and content.
2.3. Forward signed contract or agreement to legal or conveyancing services.

3. Confirm acceptability of contract or agreement.

3.1. Conduct due diligence checks on property and record findings.
3.2. Issue instructions to consultants for property inspection.
3.3. Liaise with relevant parties regarding property upgrade and maintenance requirements.
3.4. Confirm availability of finance.
3.5. Confirm pre-purchase and transfer inspection reports.

4. Prepare for exchanges and transfers.

4.1. Organise financial deposit if required for exchanges and transfers.
4.2. Confirm documentation required for exchanges and transfers.
4.3. Prepare and amend contracts and transfer agreements ready for exchanges and transfers.

5. Exchange contracts and transfer documentation.

5.1. Confirm contracts are identical and as agreed.
5.2. Exchange contracts and deposit as required for transfer.
5.3. Date contracts for each party.

6. Prepare for settlement.

6.1. Conduct and arrange statutory enquiries.
6.2. Issue requisitions on title.
6.3. Prepare transfer document.
6.4. Complete all pre-transfer financial obligations.
6.5. Submit stamp duty and documentation required for settlement.
6.6. Send stamped transfer to vendor for execution.
6.7. Arrange settlement time, date and finance.

7. Confirm legal transfer.

7.1. Attend settlement.
7.2. Obtain final search on property for encumbrances.
7.3. Conduct handover of title and transfer document.
7.4. Check documentation.
7.5. Conduct handover of finances.
7.6. Register documents with statutory authority.
7.7. Accept new land issues in purchaser’s name.

8. Document asset to property portfolio.

8.1. Enter details into property management system.
8.2. File property documentation.

No information

Replaces

State Code	National Code	Title	Type
AVB24	CHCSOH012	Acquire properties by purchase or transfer	Unit of competency

State Code	National Code	Title	Type
BIJ1	CHC52021	Diploma of Community Services	Qualification
BPA1	CHC52025	Diploma of Community Services	Qualification